Mastodawn

Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. There will be no rules relaxed, no guardrails bent. They can meet the standards of the rest of the index, or they can fuck off back to their lairs.

Why does this matter? Everybody’s #retirement plan is tied to the S&P. Swift entry into the #SP500 would have triggered $14 billion of passive fund buying for SpaceX. #OpenAI could have gained more than $8 billion, and #Anthropic could have netted $4.6 billion from similar passive buying sprees triggered by their S&P 500 entries.

This is because $7.5 trillion in passively managed funds follow the S&P 500 by purchasing shares of companies according to their proportional representation in the S&P 500 index.

This is under the radar, but very good news. Now if we can get the other indices to do the same…
https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/

#investment #money #stocks #indices #index

S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

SpaceX won’t get easy access to billions of dollars from passive investors.

Ars Technica

Jonathan Schofield 9h ago

@MissConstrue also good news: I have found you to follow via this joyous post :)

MissConstrue 9h ago

@urlyman Yay! It’s weird here. 🥳🤣

John Maxwell 9h ago

@MissConstrue I got $5 that says Trump tries to override it somehow within, say, a month (really, I think about a week, but let's be generous with the terms of the bet).

Any takers?

Led By Gilded Fools 9h ago

@jmax @MissConstrue Have you checked the online betting platforms?

Also, about those betting platforms: Prediction Markets (where most are losers) by John Oliver https://www.youtube.com/watch?v=ZN4njIQcSR4

Prediction Markets: Last Week Tonight with John Oliver (HBO)

YouTube

MissConstrue 9h ago

Yeah, I’m no constitutional expert, but I don’t see any way the executive branch can override the trustees. That said, I am not an abandoned Victorian doll haunted by unrepentant nazis, like Stephen Miller, our shadow president, so maybe he has a weasel plan.

John Maxwell 4h ago

@MissConstrue @MHowell I don't think there's any constitutional way, agreed. But that won't stop him from trying if it lands in his tiny attention span.

@MHowell
Wow! That was a wild ride. John Oliver on everything you never wanted to know about on-line gambling, sorry!, “prediction markets” in the US…

#predictionMarkets #gambling #USPol

@jmax @MissConstrue

MissConstrue 3h ago

@Su_G @MHowell @jmax

John Oliver is a national treasure who must be protected at all cost.

Pete's Mom 🍉 🇺🇦 ☮️8h ago

@MissConstrue
The NASDAQ is still a huge problem and if it impacts you - and it likely does if you have a 401k - contact your institution whether its personal savings or your employers retirement fund institution.
@ [email protected]
is also posting some excellent info on this. This is a HUGE scam/shakedown of USian retirement accounts on the level of the 2008-2012 "housing/mortgage" crisis. It is a shakedown to drain every last penny from not just USians but from the non-billlionaire class globally.
And I do not believe I am being hyperbolic about this.

MissConstrue 7h ago

@Petesmom Yeah, the nasdaq impact cannot be overstated.

This is, no holds barred, the biggest theft of capital from the bottom to the top that has ever happened, and if it doesnt end with bloody revolution, i will be astonished.

@MissConstrue The other index providers are being grossly responsible. Frankly, I’m inches away from telling anybody who owns funds tracking those indices to sell asap and move their money into other products like the SPX.

I never was an index investor and I do not hew to any benchmark to measure my ‘performance’ in the markets.

Sascha Wycisk 8h ago

The whole story that should have been played there is just to shift exorbitant high private equity risk from rich to pension plans of workers.
As far as i read NASDAQ is willing to commit to this game. Every with fonds and etf in NASDAQ should have an eye on this.

@MissConstrue I’ve contacted Vanguard about several of the funds I’m invested in to make sure they’re not in on this scam

@MissConstrue No response yet, tho

Was SO happy when I heard this news. So worried my 401k would be tanked by tech bros' Ponzi scheme, looking for an off ramp for their overpriced investments.

Fire Horse 2026 3h ago

@MissConstrue too soon! Google is overriding your celebration. Retirements being lost in billionaire grifters back in play due to Google. I am already at work planning my full deletion of all my Google services. The deal will make them eligible for S&P.

MissConstrue 3h ago

@blakefox I'm not seeing anything about google tanking this requirement, can you share a cite?